DEOASIS LIMITED is a forex broker that was registered in Australia on September 29, 2023. It primarily offers financial trading services to investors in forex, stocks, indices, commodities, and more. The company's headquarters location is unknown. The broker's official website supports multiple languages, including English, Traditional Chinese, Japanese, German, French, Arabic, Korean, Thai, and Russian, among others. However, it does not provide services to jurisdictions that may violate local laws or regulations.
Company Background and Regulatory Status:
DEOASIS LIMITED is registered in Australia as DEOASIS PTY LIMITED, with a registered address in ZETLAND NSW 2017 and an ACN number of 671 803 964. This entity obtained authorization from MGF CAPITAL PTY LTD on October 2, 2023, with an AR license number of 001306059. It is regulated by the Australian Securities and Investments Commission (ASIC), though this type of license has relatively weak regulatory oversight. According to Whois information, the broker's official website domain was registered on September 21, 2023, and as of November 8, 2023, it has been in operation for less than two months.
Additionally, DEOASIS LIMITED is also registered with the Financial Crimes Enforcement Network (FinCEN) in the United States, with an MSB number of 31000254471131. However, FinCEN's mission is to protect the financial system from illegal use, combat money laundering and related crimes (including terrorism), and promote national security through the strategic use of financial authorities and the collection, analysis, and dissemination of financial intelligence. It does not regulate forex trading and financial businesses.
Furthermore, the broker is registered as a non-member with the National Futures Association (NFA) in the United States, but non-member registration does not subject it to NFA regulation.
Account Opening:
To open an account with DEOASIS LIMITED, you need to visit their official website and click "Register." This will take you to the broker's proprietary trading platform, where you can click "Register" again in the top right corner to create your account. During registration, you will need to provide your name, personal email, phone number, a verification code, and set a login password. The broker will send a verification code to your email, and once submitted, you can log in. After logging into the trading platform, you will need to complete identity verification to deposit, withdraw funds, and start trading.
Account Types:
DEOASIS LIMITED's official website does not provide specific information about trading account types. In their frequently asked questions section, the broker mentions offering spreads as low as 1 pip and leverage ranging from 1:100 to 1:500. Details regarding minimum deposit, trading commissions, margin levels, stop loss levels, minimum trade sizes, and other trading specifics are not clearly disclosed.
Trading Platform:
DEOASIS LIMITED offers a trading platform called "ST5" for both web and mobile. This platform appears to be their proprietary trading platform.
Deposits and Withdrawals:
The official website of DEOASIS LIMITED does not provide specific information about deposit and withdrawal methods. Upon logging into their trading platform, it appears that they offer only two methods for depositing and withdrawing funds: digital currencies and bank cards.
Customer Support:
DEOASIS LIMITED only provides customer support via email at support@deoasisfx.com.
Summary:
Traderknows advises investors that DEOASIS LIMITED possesses an AR license issued by the Australian Securities and Investments Commission (ASIC), which grants limited regulatory oversight. The broker's short period of existence, use of a proprietary trading platform, and limited means of contact raise concerns. Traderknows recommends that traders stay away from this platform to avoid potential financial losses. Additionally, it's worth noting that the broker's website design is a template used by VLC Trade LLC and OBV Trade MT5, raising further suspicions. Currently, this broker is labeled as "suspicious of fraud" on Traderknows.
